Binance is Now Allowing Traders to Purchase Crypto with Credit Cards

Binance is now accepting credit and debit cards for crypto payments, the firm announced Thursday.

Binance will initially allow users to buy bitcoin, ethereum, litecoin and XRP with a credit or debit card.

Credit card issuers have long been uncomfortable about allowing their clients to purchase crypto using credit.

Binance is a crypto to crypto exchange, meaning traders do not deposit fiat onto its platform, but the surprise move to accept credit and debit cards effectively provides a fiat onramp for users around the world.